iCharts Discussions

[channasri]

Hi,

Please note ChannasriSAR for 11-01-2016:

Nifty: 7755 (This is ChannasriSAR in spot)
TSL for shorts: 7711 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7755 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7580 is critical.

Bank Nifty: 16514
TSL for shorts: 16376
SL for longs (if trend reverses): 16514
Bank Nifty intraday: 16000 level is critical.

Relinfra: 570.25
TSL for longs: 575.25
SL for shorts (if trend reverses): 570.25
Relinfra intraday: 589 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 12-01-2016:

Nifty: 7716 (This is ChannasriSAR in spot)
TSL for shorts: 7666 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7716 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7580 is critical.

Bank Nifty: 16410
TSL for shorts: 16288
SL for longs (if trend reverses): 16410
Bank Nifty intraday: 16000 level is critical.

Relinfra: 576.25
TSL for longs: 578.00
SL for shorts (if trend reverses): 576.25
Relinfra intraday: 589 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 13-01-2016:

Nifty: 7671 (This is ChannasriSAR in spot)
TSL for shorts: 7626 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7671 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7580 is critical.

Bank Nifty: 16265
TSL for shorts: 16123
SL for longs (if trend reverses): 16265
Bank Nifty intraday: 15800 level is critical.

Relinfra: 578.75
TSL for longs: 578.75
SL for shorts (if trend reverses): 578.75
Relinfra intraday: 589 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 14-01-2016:

Nifty: 7641 (This is ChannasriSAR in spot)
TSL for shorts: 7606 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7641 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7563 is critical.

Bank Nifty: 16166
TSL for shorts: 16033
SL for longs (if trend reverses): 16166
Bank Nifty intraday: 15800 level is critical.

Relinfra: 573.50
TSL for shorts: 570.50
SL for longs (if trend reverses): 573.50
Relinfra intraday: 550 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 15-01-2016:

Nifty: 7614 (This is ChannasriSAR in spot)
TSL for shorts: 7582 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7614 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7549 is critical.

Bank Nifty: 16040
TSL for shorts: 15924
SL for longs (if trend reverses): 16040
Bank Nifty intraday: 15800 level is critical.

Relinfra: 566.25
TSL for shorts: 559.25
SL for longs (if trend reverses): 566.25
Relinfra intraday: 530 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Dear novice traders,

Nifty is busy doing retracement/correction for the massive bull rally from 5119 to 9119. Thus, the retracement numbers are the following:

23.6% retracement: 8175
38.2% retracement: 7591
50% retracement : 7119
61.8% retracement: 6647
73.6% retracement: 6175
80% retracement : 5919

Another view is to consider retracement for a big fraction of this bull rally : from 5933 to 9119. Both the bull rallies are considered based on Elliott Wave Theory. You can calculate the retracements for this rally also. Then, 61.8% retracement comes to 7149.

There is no hard and fast rule that all the retracement levels have to be fulfilled. Please read more about Elliott Wave Theory very well, observe nifty movements, re-visit the books/references, re-observe the nifty movements and so on for months until you are confident of entering nifty trading with your hard cash. Till then, read the various threads in the forum - thanks to iCharts. Pick the one that suits you most and follow. The best will be to develop your own method. This thread is only to give confidence to you that disciplined approach by following a good, time tested method rewards the traders.

The huge difference between ChannasriSAR values and the underlying scrips hint at the cushion of safety that protects from gap up opening (if happens) on Monday morning.

Please note ChannasriSAR for 18-01-2016:

Nifty: 7569 (This is ChannasriSAR in spot)
TSL for shorts: 7544 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7569 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7380-7430 range is critical.

Bank Nifty: 15851
TSL for shorts: 15697
SL for longs (if trend reverses): 15851
Bank Nifty intraday: 15200 level is critical.

Relinfra: 551.00
TSL for shorts: 540.00
SL for longs (if trend reverses): 551.00
Relinfra intraday: 483 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 20-01-2016:

Nifty: 7498 (This is ChannasriSAR in spot)
TSL for shorts: 7467 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7500 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7380-7430 range is critical.

Bank Nifty: 15576
TSL for shorts: 15478
SL for longs (if trend reverses): 15576
Bank Nifty intraday: 15200 level is critical.

Relinfra: 522.50
TSL for shorts: 507.00
SL for longs (if trend reverses): 522.50
Relinfra intraday: 480 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[EssJay]

Hi,

One doubt - in case of stop losses, do we again wait for 2 consecutive 5 minute candle to close above/below the mentioned levels to exit our position?

Thanks.

[channasri]

@ EssJay,

That is one of the ways. One can also use 7SMA in 3 min. to take a call. Alternatively, even striking the TSL can also lead to profit booking. I have quite simplified trading with ChannasriSAR. Please refer to the Note section. One can even trade from SAR to SAR.

Hi,

Please note ChannasriSAR for 21-01-2016:

Nifty: 7455 (This is ChannasriSAR in spot)
TSL for shorts: 7424 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7455 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7250-7280 range is critical.

Bank Nifty: 15428
TSL for shorts: 15307
SL for longs (if trend reverses): 15428
Bank Nifty intraday: 14950 level is critical.

Relinfra: 507.75
TSL for shorts: 492.75
SL for longs (if trend reverses): 507.75
Relinfra intraday: 450 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[AMBY]

Thanks for Note Section.

[channasri]

Hi,

Please observe nifty behaviour today.

Please note ChannasriSAR for 22-01-2016:

Nifty: 7418 (This is ChannasriSAR in spot)
TSL for shorts: 7418 (This is trailing stop loss for overnight carried positions)
SL for longs (if trend reverses): 7418 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7410-7425 range is critical.

Bank Nifty: 15346
TSL for shorts: 15346
SL for longs (if trend reverses): 15346
Bank Nifty intraday: 15500 level is critical.

Relinfra: 496.25
TSL for shorts: 482.75
SL for longs (if trend reverses): 496.25
Relinfra intraday: 450 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Downside risks still exist. However, 7390-7415 range should not be breached on EOD and EOW basis to retain hopes for upside movement.

Please note ChannasriSAR for 27-01-2016:

Nifty: 7413 (This is ChannasriSAR in spot)
TSL for longs: 7425 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7410 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7410-7425 range is critical.

Bank Nifty: 15367
TSL for longs: 15404
SL for shorts (if trend reverses): 15367
Bank Nifty intraday: 15500 level is critical.

Relinfra: 474.25
TSL for shorts: 464.50
SL for longs (if trend reverses): 474.25
Relinfra intraday: 450 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Same levels continue. Downside risks still exist. However, 7390-7415 range should not be breached on EOD and EOW basis to retain hopes for upside movement.

Please note ChannasriSAR for 28-01-2016:

Nifty: 7412 (This is ChannasriSAR in spot)
TSL for longs: 7425 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7410 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7410-7425 range is critical.

Bank Nifty: 15378
TSL for longs: 15425
SL for shorts (if trend reverses): 15367
Bank Nifty intraday: 15500 level is critical.

Relinfra: 466.75
TSL for shorts: 459.75
SL for longs (if trend reverses): 466.75
Relinfra intraday: 450 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 29-01-2016:

Nifty: 7409 (This is ChannasriSAR in spot)
TSL for longs: 7409 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7409 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7390-7430 range is difficult to trade.

Bank Nifty: 15363
TSL for longs: 15363
SL for shorts (if trend reverses): 15363
Bank Nifty intraday: 15300-15450 range is difficult to trade.

Relinfra: 462.75
TSL for shorts: 457.50
SL for longs (if trend reverses): 462.75
Relinfra intraday: 450 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri

[channasri]

Hi,

Please note ChannasriSAR for 01-02-2016:

Nifty: 7436 (This is ChannasriSAR in spot)
TSL for longs: 7453 (This is trailing stop loss for overnight carried positions)
SL for shorts (if trend reverses): 7436 (This is to manage trades on those days when trend reverses. Otherwise, this No. is not required)
Nifty intraday: 7550 level is critical.

Bank Nifty: 15390
TSL for longs: 15427
SL for shorts (if trend reverses): 15390
Bank Nifty intraday: 15500-15650 range is difficult to trade.

Relinfra: 462.50
TSL for longs: 462.50
SL for shorts (if trend reverses): 462.50
Relinfra intraday: 468 is critical.

NOTE:

I draw a trend line using Channasri SAR as reference point. Cross over by 7 SMA in 3 min. time frame above this is LONG and below this SHORT. I change the trend line daily as per Channasri SAR for that day. I hedge with an option on the opposite side (PUT for futures long and CALL for futures short) especially on the day of crossover and the next day.

Disclaimer: I am not a registered research analyst. The above message represents my approach to positional trading based on my own study. Readers are requested to consider my posts as of academic interest and make their own studies and trade on their own. It is possible that I myself miss capturing the trade triggers as per ChannasriSAR system due to my busy schedules at the work place.

Best regards,
Channasri